Victory Capital Management Inc. Has $736,000 Position in TriNet Group, Inc. (NYSE:TNET)

Victory Capital Management Inc. lessened its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 4.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,778 shares of the business services provider’s stock after selling 336 shares during the period. Victory Capital Management Inc.’s holdings in TriNet Group were worth $736,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise acquired a new position in TriNet Group during the second quarter worth $31,000. FORA Capital LLC acquired a new position in TriNet Group during the second quarter worth $73,000. Lazard Asset Management LLC raised its holdings in TriNet Group by 21.8% during the second quarter. Lazard Asset Management LLC now owns 1,038 shares of the business services provider’s stock worth $75,000 after buying an additional 186 shares during the last quarter. Islay Capital Management LLC acquired a new position in TriNet Group during the third quarter worth $158,000. Finally, Public Employees Retirement System of Ohio raised its holdings in TriNet Group by 7.1% during the second quarter. Public Employees Retirement System of Ohio now owns 2,711 shares of the business services provider’s stock worth $196,000 after buying an additional 180 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.

NYSE TNET opened at $85.80 on Friday. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 19.68 and a beta of 1.26. The company has a fifty day moving average price of $98.21 and a 200-day moving average price of $92.30. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.41 and a quick ratio of 1.41. TriNet Group, Inc. has a 1 year low of $69.43 and a 1 year high of $109.40.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Sunday, October 24th. The business services provider reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.52. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $246.40 million. TriNet Group had a net margin of 6.66% and a return on equity of 41.71%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, research analysts anticipate that TriNet Group, Inc. will post 4.5 EPS for the current fiscal year.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 29th. Credit Suisse Group upped their target price on shares of TriNet Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 26th.

In related news, Director H Raymond Bingham sold 415 shares of the stock in a transaction dated Wednesday, January 5th. The shares were sold at an average price of $95.47, for a total transaction of $39,620.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Burton M. Goldfield sold 2,000 shares of the stock in a transaction dated Monday, October 25th. The shares were sold at an average price of $96.22, for a total transaction of $192,440.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,860 shares of company stock valued at $7,851,884. 39.30% of the stock is owned by company insiders.

TriNet Group Profile

TriNet Group, Inc provides human resources solutions including industry solutions to small and mid sized businesses. Its services include payroll processing tax administration, employee benefits and a human resource technology platform with online and mobile tools and also employee onboarding and termination, compensation reporting, expense management, and benefits enrollment and administration.

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Institutional Ownership by Quarter for TriNet Group (NYSE:TNET)

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